Near-Rationality and Inflation in Two Monetary Regimes
收藏NBER2000-10-01 更新2025-01-04 收录
下载链接:
https://www.nber.org/papers/w7988
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资源简介:
Sticky-price models with rational expectations fail to capture the inertia in U.S. inflation. Models with backward-looking expectations capture current inflation behavior, but are unlikely to fit other monetary regimes. This paper seeks to overcome these problems with a near-rational model of
提供机构:
美国国家经济研究局
创建时间:
2000-10-01



